Senior Accountant cost control PTC - Abu Dhabi, United Arab Emirates - ADNOC Group

Description

Coordinate activities of the assigned staff performing supervisory responsibilities and ensuring compliance of the team with the set financial standards.

Supervise preparation of accurate and timely month / year end closing reports ensuring that all accruals are correctly booked.

Review control account falling under own responsibility in order to ensure that individual and collective accounts are well maintained and reconciled accordingly with subsidiary and general ledgers.

Scrutinize cost reports and ensure that costs are correctly allocated, variances are investigated and discrepancies are corrected.

Implement effective budgetary control at pre-expenditure stage and monitor expenditure reports to ensure expenditures are within budget and any over-expenditure are authorized.

Verify and endorse invoices for suppliers in order to ensure that invoices are settled in compliance with contracting terms.

Verify and endorse payroll details (on / off cycle) ensuring that payments are made against duly authorized orders of payment and in compliance with approved policies and procedures of the company and that total payroll expenditure are in line with allocated budget requesting justification in case of variances.

Operate the company's bank accounts ensuring effective cash management and compliance with the company's regulations governing credit limits and risks.

Reconcile the company's records with bank statements.


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